RBC Economics presents an in-depth analysis of the key drivers of economic activity in Canada and the US, including global factors that will affect near-term forecasts.
Key highlights
- Inflation may have peaked—but won’t ease fully without softer consumer demand
- Central banks are willing to cause near-term pain to avoid larger medium-term risks
- Pandemic-battered services sector is expected to cushion the 2023 downturn
- Labour market strength will delay, not prevent, a downturn
- Strong business investment and high commodity prices provide silver linings
For more information, please contact your RBC Investor & Treasury Services representative.